Ingersoll Rand Q2 Revenue Rises 8.5% to $2.05 Billion, Beats Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Ingersoll Rand reported second-quarter revenues of $2.05 billion, up 8.5% year on year and 4.6% above analysts' expectations, in what was a strong quarter for the company. The industrial equipment maker also beat analysts' EPS estimates, while its full-year EBITDA guidance met expectations, though the stock is down 14% since reporting and currently trades at $72.48. Across the 12 gas and liquid handling stocks tracked, group revenues beat consensus estimates by 2% while next quarter's revenue guidance came in 0.8% below, and share prices have fallen 7% on average since the latest earnings results. SPX Technologies posted the best quarter with revenues of $679 million, up 22.9% year on year and 5.8% above expectations, and achieved the highest full-year guidance raise of the group, while Graco delivered the weakest performance against analyst estimates with revenues of $590.6 million, up 3.3% year on year but 3% short of expectations. Flowserve reported revenues of $1.17 billion, down 1.6% year on year but 0.9% above expectations, and Parker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year and 3.3% above expectations.

Impact on stocks 6

Industrials± Mixed · 3 stocks
Ingersoll Rand Inc
IR
▲ PositiveCapitalrelevance

Ingersoll Rand beat Q2 revenue and EPS estimates with revenues up 8.5% to $2.05 billion, though the stock is down 14% since reporting.

Flowserve Corporation
FLS
▲ PositiveCapitalrelevance

Flowserve reported Q2 revenues of $1.17 billion, 0.9% above analyst expectations, though down 1.6% year on year.

Graco Inc
GGG
▼ NegativeCapitalrelevance

Graco delivered the weakest performance against analyst estimates with revenues of $590.6 million, 3% short of expectations.

Aerospace & Aviation · 1 stocks
Parker-Hannifin Corporation
PH
▲ PositiveCapitalrelevance

Parker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year and 3.3% above expectations.

Smart City / Autonomous Infrastructure · 1 stocks
SPX Corp
SPXC
▲ PositiveCapitalrelevance

SPX Technologies posted the best quarter in the group with revenues up 22.9% year on year, 5.8% above expectations, and the highest full-year guidance raise.

Climate Adaptation & Water · 1 stocks